2022-10-31-accounts

Trustees		Mr Fakhruddin T Suterwalla
		Mrs Sakina FSuterwalla
		Mrs Razia R Chinchanwala
		Mrs Femida Mosajee
		Mr Salim F Suterwalla
Auditors		Ward Divecha Ltd
		Chartered Accountants
		and Statutory Auditors
		29Welbeck street
		London
		W1G 6DA
Bankers		Habib Bank AG Zurich
		5/7 High Street
		Southall
		Middlesex
		UB1 3HA
Charity address		6 Ingleby Drive
		Harrow on the Hill
		Middlesex
		HA1 3LE
Registered	Charity number	1138949

						2022	2021
			Unrestricted	Restricted		Total	Total
		Notes	Funds	Funds		Funds	Funds
			f		6	6
INCOMNG RESOURCES		5
Incoming resources from generated	funds
Investment Income			263,614			263,614	378,956
Voluntary gift received							104,992
Total incoming resources			263,614			263,614	483,948
RESOURCES EXPENDED
Cost of generating funds
Exchange Difference			188,004			188,004	109,139
Interest charges			62,590			62,590	42,087
Charitable activities
Donation to other charities			82,866			82,866	91,970
Governance cost			15,099			15,099	21,577
Total resources expended			348,559			348,559	264,773
NET (EXPENDITURE)I INCOME FOR
THE YEAR			(84,945)			(84,945)	219,175
Other recognised gains and losses
Fair value movements			(974,904)			(974,904)	(673,346)
Profit on sale ofinvestments			65,789			65,789	330,837
Net movement in funds			~994,060			~994,060	~123,334
Reconciliation offunds
Total funds brought forward			1,990,608			1,990,608	2,113,942
Total funds carried forward			996,548			996,548	1,990,608

						2022	2021
				Unrestricted	Restricted	Total	Total
				funds	funds	Funds	Funds
			Notes			6	6
Fixed assets
Fixed asset investment			3	4,172,506		4,172,506	9,025,951
Current assets
Accrued income				49,125		49,125	59,843
Cash at bank and	in hand			119,008		119,008	8,746
				168,133		168,133	68,589
Creditors: amounts		falling
due within one	year		4	(3,344,091)		(3,344,091)	(7,103,932)
Net current (liabilities)				(3,175,958)		(3,175,958)	(7,035,343)
Total assets less current
liabilities				996,548		996,548	1,990,608
Net assets				996,540		996,648	1,900,6D0
Funds
Unresincied						996,548	1,990,608
Restricted
						906,540	1,090,6D0

for the year ended 31Oc		tober 2022
			Notes	2022f	2021f
Cash flows from operating		activities:
Cash generated from operations				(208,442)	215,400
Interest charges				(62,590)	(42,087)
Net cash provided by operating
activities				271,032	173,313
Cash flows from investing	activities:
Purchase of investments					(3,616,858)
Sale of investment				3,878,541
Interest received				263,614	378,956
Net cash provided by/(used investing activities		in)		4,142,155	~3.237,552)
Cash flows from financing		activities:
New loans in year				124,719	2,984,213
Loan repayments in year				(3,885,581)
Net cash provided by /(used financing activities		in)		~3,766,562	2,984,213
Change in cash and cash equivalents
in the reporting period				110,261	(80,376)
Cash and cash equivalents		at the
beginning ofthe reporting		period		8,747	89,123
Cash and cash equivalents		at the end
ofthe reporting period				119,008	8,747

RECONCILIATIO ACTIVITIES	N OF(EXPE	NDITURE	) TO NET CASH F	LOW FROM OPER	ATING
				2022 f	2021 f
Net( expenditure)	/income for the	reporting	period (as per the
statement offinancial activities)				(994,060)	(123,334)
Adjustments for:
Loss on revaluation	ofinvestment			974,904	673,346
Finance cost				62,590	42,087
Finance income Decrease in other debtors Increase/(Decrease) in other creditor				(263,614) 10,718 1,020	(378,956) 4,237 ~1,288
Net cash provided	by operating	activities		~288,4422	215,400

Year	ended 31October 2022
		31.10.22	1.11.21
		f	f
Cash	and cash equivalents	119,008	8,746
Year	ended 31October 2021
		31.10.21	1.11.20
			f
Cash	and cash equivalents	8,746	89,123

			2022	2021
	Equity and bonds		4,172,506	7,991,149
	Call deposit accounts			1,034,802
			4,172,506	9,025,951
	The value stated above	is market value at 31 October 2022
4	Creditors: amounts	falling due within
	one year		2022	2021
			f
	Bank Loan		3,216,372	7,101,952
	Amounts owed to related parties		124,719
	Accruals		3,000	1,980
			3,344,091	7,103,932

5	Incoming Resources	Incoming Resources	Unrestricted	Restricted	Total	Total
			Funds	Funds	Funds	Funds
			2022	2022	2022	2021
			6	6		8
	Investment Income
	Interest income		253,814		253,514	378,955
	Total Investment	Income	283,614		263,814	378,956
	Profit on sale ofinvestments		65,789		55,789	330,837
	Voluntary gift received					104,992
	Total incoming	resources	329,403		329,403	814,188
6	Resources expensed		Unrestricted	Restricted	Total	Total
			Funds	Funds	Funds	Funds
			2022	2022	2021	2021
				6	6	8
	Cost ofgenerating	funds
	Exchange difference		188,004		188,004	109,139
	Interest charges		62,590		62,590	42,087
			250,594		250,594	151,226
	Charitable activities
	Donation lo other charities		82,866		82,866	91,970
			82,866		82,866	91,970
	Governance cost
	Bank Charges		7,034		7,034	8,546
	Auditors' remuneration		3,000		3,000	1,980
	Broker fee		5,065		5,065	11,051
			15,099		15,099	21,577